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Subjects

Why was import substitution policy adopted in newly independent countries?

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Answer and explanation

Correct answer: To develop domestic industry and reduce dependence on foreign goods

The aim of import substitution was to increase domestic production. For exams connect it with post independence economic policy.

Tags

import-substitutiondomestic-industryeconomic-policy

Frequently asked questions

What is the correct answer to this question?

To develop domestic industry and reduce dependence on foreign goods

Why is this the correct answer?

The aim of import substitution was to increase domestic production. For exams connect it with post independence economic policy.

Which subject and chapter does this question cover?

This is a Class 10 General Knowledge question. Chapter: World History. Topic: Colonization and Decolonization.

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